Media

Media Digest (10/8/2010) Reuters, WSJ, NYT, FT, Bloomberg

Reuters:   The federal government will supply states with $1.5 billion in funds for small businesses.

Reuters:   Financial leaders around the world have begun to work to stop a currency war.

Reuters:   Japan will continue currency intervention.

Reuters:   Microsoft (NASDAQ: MSFT) will license some patents for Hewlett-Packard’s (NYSE: HPQ) Palm.

Reuters:   The United Arab Emirates (UAE) says it has resolved its differences with Research In Motion (NASDAQ: RIMM) over BlackBerry use.

Reuters:   Adobe (NASDAQ: ADBE) shares rose on rumors it could be bought by Microsoft (NASDAQ: MSFT).

Reuters:   Sanofi-Aventis shares fell as it continued it pursuit of Genzyme (NASDAQ: GENZ).

Reuters:   The head of Potash (NYSE: POT) once again rejected a bid from BHP Billiton (NYSE: BHP).

WSJ:   More questions came up about whether BP plc (NYSE: BP) allowed its analysis of the Gulf disaster to be tainted by an internal review.

WSJ:   The fall of the dollar further angered some world leaders ahead of an IMF meeting.

WSJ:   The Justice Department has begun to examine charges of bribery by Schlumberger in Yemen.

WSJ:   The FDIC will announce new rules for the break-up of failed banks.

WSJ:   The government will tell HSBC (NYSE: HBC) to improve risk management.

WSJ:   Amazon.com (NASDAQ: AMZN) opened an app store for Android to compete with one operating by Google Inc (NASDAQ: GOOG).

WSJ:   MGM will declare bankruptcy.

WSJ:   Moody’s may upgrade China’s bonds.

WSJ:   Quarterly sales rose at Alcoa (NYSE: AA).

WSJ:   The federal deficit should be below $1.3 trillion for the current fiscal.

WSJ:   Toyota Motor (NYSE: TM) will launch a new Prius model.

WSJ:   News organizations will build apps for the new Samsung Galaxy tablet PC.

WSJ:   Electronic trading of the yuan will begin soon.

WSJ:   US companies have begun to slow lay-offs but have not begun to add workers.

WSJ:   The Social Security Administration sent 89,000 checks to dead people.

WSJ:   Both US parties have begun to criticize China.

WSJ:   The ECB left rates flat and pressed for more austerity programs.

WSJ:   Greece will begin to sell some of its national assets to the private sector.

WSJ:   China will try to consolidate steel companies to improve quality production.

WSJ:   Restaurants have begun to see a return of customers.

WSJ:   S&P set GM’s ratings above Ford’s (NYSE: F).

WSJ:   Novartis set a deal to speed vaccine production.

WSJ:   Nokia (NYSE: NOK) has begun work to lure mobile software applications developers.

WSJ:   Private equity firms have had recent trouble raising money.

WSJ:   China sold off some of its investment in Japanese assets.

NYT:    Companies with junk ratings are able to raise money in a low interest rate period.

NYT:   GM will be able to pay low wages at a plant which will build small cars.

NYT:   S&P says nations will have to cut retirement benefits.

Bloomberg:   Germany’s exports fell.

Bloomberg:   BRICs opposed the US on currency controls.

Douglas A. McIntyre

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.